互动式信息披露的质量特征及其影响因素研究
DOI:
CSTR:
作者:
作者单位:

作者简介:

通讯作者:

中图分类号:

F208;C933

基金项目:

教育部青年基金项目“互动式信息披露的行为特征及其影响因素:基于深交所和上交所网络互动平台的研究”(19YJC790196);中央财经大学“双一流”建设项目。


Quality and determinants of interactive information disclosure
Author:
Affiliation:

Fund Project:

  • 摘要
  • |
  • 图/表
  • |
  • 访问统计
  • |
  • 参考文献
  • |
  • 相似文献
  • |
  • 引证文献
  • |
  • 资源附件
  • |
  • 文章评论
    摘要:

    数字技术的广泛使用推动了互动式信息披露的兴起,但既有研究大都关注其经济后果,对于互动式信息披露质量及其影响因素鲜有涉及。基于文本分析技术,在互动完成率、互动时效性、互动充分性、互动有效性4个维度考察互动式信息披露的质量特征的基础上,采用实证分析方法检验董秘性别对互动式信息披露质量的影响。研究发现,女性董秘任职的企业整体上具有更好的互动式信息披露水平,表现为更高的互动完成率、互动充分性和互动有效性,但互动时效性较差,这一结论在采用双重差分模型控制潜在内生性、倾向性得分匹配模型控制自选择偏差等一系列稳健性检验后依然成立。进一步分析发现,董秘性别对互动式信息披露质量的影响还受到董秘特征(年龄、任期、兼职情况)、治理特征(产权性质、股权集中度、外部治理压力)、互动特征(互动复杂性、互动深度)的调节。研究结论不仅深化了对互动式信息披露这一新兴模式的理解,而且丰富了女性董秘在信息披露方面的作用效果和作用边界的认知,同时对于完善互动式信息披露监管制度具有一定启发。

    Abstract:

    Based on text analysis techniques, this study examines the quality of interactive information disclosure from four dimensions: interaction completion ratio, interaction timeliness, interaction adequacy, and interaction effectiveness. On this basis, an empirical analysis method is used to examine the impact of board secretary’s gender on the quality of interactive information disclosure. The results indicate that, enterprises with female board secretaries generally present better interactive information disclosure, manifested in higher interaction completion ratio, interaction adequacy and interaction effectiveness, but their interaction timeliness is worse. This conclusion remains valid after a series of robustness tests such as DID model and PSM models. Further analysis reveals that the impact of the femaleboard secretary on the quality of interactive information disclosure is regulated by the board secretary’s characteristics (age, tenure, multiple positions), governance characteristics (property rights, equity concentration, external governance pressure), and interaction characteristics (interaction complexity, interactiondepth). The abovefindings not only deepen the understanding of the emerging model of interactive information disclosure, but also enrich the cognition of the effects and its boundaries of the role of female board secretaries, which have important inspiration for improving the regulatory system of interactive information disclosure.

    参考文献
    相似文献
    引证文献
引用本文

赵杨,林琳,杨斌.互动式信息披露的质量特征及其影响因素研究[J].中国软科学,2023,(7):127-141

复制
分享
相关视频

文章指标
  • 点击次数:
  • 下载次数:
  • HTML阅读次数:
  • 引用次数:
历史
  • 收稿日期:
  • 最后修改日期:
  • 录用日期:
  • 在线发布日期: 2026-07-29
  • 出版日期:
文章二维码